Mutual fund industry witnessed a drop of nearly 5 % in assets under management (AUM) to Rs. 12.55 lakh crore in August 2015, mainly on account of a fall in inflow into such schemes.
The assets base of the country’s 44 fund houses had declined from an all-time high of Rs. 13.17 lakh crore in July to Rs. 12.55 lakh crore in Aug 2015
The fall is attributed to redemptions from investors during the month amid volatility in the stock market.
Overall inflows in mutual fund schemes have fallen to Rs. 1.58 lakh crore at the end of last month from Rs. 2.05 lakh crore at July-end.
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